Page 8 - Michael Atingi News Today

Uganda is grappling with double-digit inflation as spillover effects of the global economic decline filter through the domestic economy, the countrys central bank, Bank of Uganda (BOU) has said.Domestic inflation hit double digits for the first time

During the year ended June, according to Bank of Uganda, cheque payments dropped from Shs7 trillion in June 2021 to 6.5 trillion

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The East African Community was the major destination for Uganda’s exports in July 2022, accounting for 57.7 per cent of the export receipts

The world’s three largest economies—the United States, China, and the euro area—have been slowing sharply.

Today’s customers expect personalised, meaningful, relevant and yet memorable experiences in their interactions with banks

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The main task of Uganda's central bank now is to rein in inflation and lay the groundwork for growth, says its Executive Director.

The Bank of Uganda says the economy continues to face strong cost-push inflation pressures.

An overwhelming majority of Ugandans depend on friends, family and good samaritans for survival, which creates a high dependency level thus constraining investment and saving.